Brazilian Exports More than Double in Four Years, Imports Grow 94%

    Foreign trade hit new record highs in Brazil in 2006. Exports surpassed the goal set by the federal government, yielding US$ 137.5 billion, surpassing the forecasted US$ 135 billion. The growth compared with 2005 was 16.2%.

    The data were presented yesterday, January 2, by the Brazilian Ministry of Development, Industry and Foreign Trade. The executive secretary at the ministry, Ivan Ramalho, announced that the goal for 2007 is to reach US$ 152 billion worth of exports.

    Imports saw an even greater increase, 24.2%, reaching US$ 91.4 billion. Despite the fact that imports grew more than foreign sales, the trade balance surplus increased by 3%, at more than US$ 46 billion.

    "Exports and imports reached record highs, showing that foreign trade is now on a new level, totaling a trade flow (exports plus imports) of US$ 228.9 billion in 2006, 20% more than the US$ 191.1 billion recorded in 2005," according to a press statement released by the ministry.

    The ministry says record highs were attained in exports of all three product categories, with manufactured goods answering to the largest share, followed by basic products, and semi-manufactured products.

    The sector that contributed the most in absolute terms was that of transportation material, with US$ 20.4 billion worth of products exported, followed by iron and steel products, petroleum and derivatives, iron minerals, soy complex (grain, oil and chaff), chemical products, meats, and sugar and alcohol sectors. The sectors that grew the most, however, were those of petroleum and derivatives, and sugar and alcohol.

    According to the ministry, exports to all economic regions have increased, with the Middle East ranking first in terms of growth, with 35.7%. Exports to the region amounted to US$ 5.75 billion. Africa ranked third among the destinations that grew the most, with a 26% increase. Exports to the African continent yielded US$ 7.4 billion. The Arab countries are located in the Middle East and North Africa.

    With regard to imports, there was also an increase in trade flow for all product categories, highlighting consumer goods (42.6%), fuels and lubricants (28.2%), capital goods (23.9%), and raw and intermediate materials (20.8%). Imports from all supplying regions have increased.

    According to the Development, Industry and Foreign Trade Ministry, Brazilian foreign sales have more than doubled over the last four years, a period that corresponds to the first term in office of president Luiz Inácio Lula da Silva.

    Re-elected, Lula was sworn in for his second term on Monday, January 1st. In 2002, exports totaled US$ 60.4 billion, representing a US$ 77.1 billion increase in exports during the four-year period.

    Imports increased 93.5% compared with 2002, when they amounted to US$ 47.2 billion. "During these four years, the accumulated trade balance surplus has reached US$ 149.2 billion, contributing to the improvement of Brazilian foreign accounts and economic stability," according to the press statement released by the ministry.

    In December alone, Brazilian exports yielded US$ 12.2 billion, a 12.3% increase compared with the same month in 2005. Imports increased by 10%, to reach US$ 7.2 billion. Brazil had a favorable trade balance of US$ 5 billion, and a trade flow of US$ 19.4 billion.

    The Middle East ranked second among destinations that grew the most in December (76.7%, at US$ 689 million), followed by Africa (49.8%, at US$ 741 million).

    Anba

    Tags:

    • Show Comments (2)

    • Andreas Andreou

      Just the beginning
      To the poster above:

      By your inflection I am assuming you find these statistics for Brazil quite ridiculous and poor. But imagine that Brazil exports slightly less than Switzerland and manages to make a much greater surplus. More efficient and self sufficient in production? Appears to be. They need much less imports to survive. Sounds funny for such an undeveloped economy compared to the highly developed economy of Switzerland that imports around 140bn worth of goods and exports 148bn.

      Needless to say that imports and exports grew at around 100% over the past four years while Switzerland’s by a lot smaller. Brazil is just starting to enter the international trade. You do not have to be so dismissive. But then again if you knew what you were talking about you wouldnt have posted such an unneccesary post ja?

      I hope Brazil’s exports and imports keep on growing allowing the country to take a much more important role in international trade. It is a step in the right direction.

    • ch.c.

      What a joke !!!!!!
      My country, Switzerland, has around 25 times less population than Brazil, country size around 30 times smaller, no sea access, overall bad climate, no car manufacturer, no oil, no iron or whatever commodities in the ground……..

      ….AND……..

      WE EXPORT MORE THAN BRAZIL !!!!!!!!

      Continue to work hard……during the next several decades.

    Your email address will not be published. Required fields are marked *

    comment *

    • name *

    • email *

    • website *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Ads

    You May Also Like

    Vale's Tubarão operations

    Brazil’s Vale Fires 1,300 and Halts Operations Due to Crisis

    Vale, Brazil's giant mining company, announced this Monday, December 8, in an official press ...

    Fuleco, World Cup's mascot

    Bring Your Own Condom to Brazil for the World Cup, Warns the US

    A booklet published by the US Centers for Disease Control and Prevention (CDC) for ...

    Brazil Police Evict Indians and Abandon Them on Roadside

    Brazil’s Federal Police and Mato Grosso do Sul state police agents, acting under a ...

    Pope Benedict

    Pope to Visit Brazil While Evangelicals Keep on Growing

    One week before arriving in Brazil for what is his first long trip since ...

    Orides Fontela: A Sketch

    The last time I saw her, she regarded the grass and the trees as ...

    Fealac Brazil

    Japan and China Come to Brazil for East Meets Latin America Encounter

    Foreign ministers and envoys from 33 Latin America and East Asian countries on Wednesday ...

    Hopes of Lower Interests Bring Brazilian Market New Vigor

    Brazil and Latin American shares maintained their recent winning streak, with Argentina this time ...

    Brazil’s 70% of GDP Debt Puts It Far from Investment Grade

    Brazil is still far from the much coveted Investment Grade in spite of financial ...

    Ali Osman and Miguel Jorge during meeting in São Paulo by Marina Sarruf

    Sudan Wants Brazil’s Flex-Fuel Cars and Its Ethanol Know-How

    Brazil's Development, Industry and Foreign Trade minister Miguel Jorge, and the minister of Industry ...

    Brazil Denies That It Saved Too Much to Guarantee Surplus

    Brazil’s secretary of the National Treasury, Joaquim Levy, declared that the Brazilian government did ...